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Palisade acquires Snowtown 2 Wind Farm
Allen & Overy has advised Palisade Investment Partners (Palisade) on its acquisition of the Snowtown 2 Wind Farm from Tilt Renewables.
Emma Musgrave
Firms: Allen & Overy (Palisade Investment Partners); Macquarie Capital (Palisade Investment Partners); Lazard (Tilt Renewables); Ashurst (Palisade’s financers); Gilbert + Tobin (Tilt Renewables); KPMG (all tax matters).
Value: Undisclosed
Area: M&A
Key players: The A&O team on the deal was led by project finance partner James Abbott, corporate partner Jamie Palmer and projects partner Simon Huxley.
Deal significance: According to a statement provided by Allen & Overy, Snowtown 2 is Australia’s second-largest wind farm, located on the Barunga and Hummocks ranges in South Australia.
“It comprises 90 Siemens Gamesa Renewable Energy Turbines, capable of generating approximately 270 megawatts of energy,” A&O said.
“Palisade is a specialist independent infrastructure manager, offering institutional investors access to Australian infrastructure projects, focusing on mid-market assets. Palisade’s Renewable Energy Fund, also known as PREF, invests in renewable energy assets in the Australian market.”
Commenting further on the transaction, Mr Abbott said: “This was a highly competitive transaction and we congratulate Palisade and its investors on the successful acquisition of a very significant asset within the Australian renewable energy market.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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